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Nearly one in five experienced income poverty between 2015 and 2023, study shows

Nearly one in five experienced income poverty between 2015 and 2023, study shows

A study by the Economic and Social Research Institute (ESRI) also found that almost one-fifth (18pc) experienced income poverty in at least one year between 2015 and 2023.
While the percentage of those at risk of poverty has gradually declined, lone parent families, single people and older adults living alone experienced a post-Covid spike.
The rate of people at risk of poverty declined from 16pc in 2016 to 11pc in 2023.
However, 18pc of individuals experienced income poverty in at least one year during that time period.
The at-risk-of-poverty rate is the percentage of people with a household income below 60pc of the national median income.
Lone parent families, large families and households with a working-age adult with a disability are at the most risk of poverty and deprivation, the new research shows.
Basic deprivation implies that individuals are living in households that cannot afford adequate food, clothing, heating, or an occasional meal or drink out with family and friends.
An average of 33pc of children in lone-parent families are being persistently deprived, with 21pc of them found to be at risk of poverty between 2016 and 2023.
'The longer people stay in poverty, the harder it is for them to escape'
Material deprivation, which is the inability to afford essential goods and services, increased from 14pc in 2021 to 17pc in 2023. Inflation and the economic cycle were cited as two of the main reasons for this.
Between 2016 and 2023, 22pc of people experienced deprivation at least once in two consecutive years, and almost half of these were in persistent deprivation.
Households in the northern and western regions, people living with low-educated or unemployed household heads, and workless households were significantly more likely to experience transient and persistent poverty and deprivation.
The report said that timely adjustments to social welfare payments, including pensions, 'are critical to protect vulnerable groups from inflation and economic disruptions'.
Bertrand Maitre, co-author of the report, said: 'Research shows that the longer people stay in poverty, the harder it is for them to escape. This highlights the urgent need to tackle persistent poverty and to design policies that protect the most vulnerable groups from falling into long-term poverty.'
The study was published in partnership with the Department of Social Protection.
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How Riley is changing period care in Ireland and beyond
How Riley is changing period care in Ireland and beyond

Irish Post

time6 hours ago

  • Irish Post

How Riley is changing period care in Ireland and beyond

WHEN Fiona Parfrey speaks about period care, she doesn't mince words. 'We want period products to be treated just like toilet paper; something that's readily available in every bathroom you walk into,' she says. Parfrey is the co-founder of Riley, a rapidly growing Irish startup that's shaking up the period care industry—not just with sustainable products, but with a bold mission to break the silence and shame around menstruation. 'We're aiming to remind people it's a normal bodily function,' she says. 'There's nothing to be ashamed about.' Born and raised in Cork, Parfrey studied marketing at University College Cork. 'I'm a very proud Corkonian,' she laughs. 'I studied marketing and worked in agencies across Dublin and Australia, and then I moved into the startup world in Australia. That's where I kind of fell in love with entrepreneurship.' That love turned into a career. After leaving her job in Australia, Parfrey went backpacking around the world, which sparked her first business idea. 'I realised there was a gap in the market for a travelling backpack that was ergonomically designed to fit the female body,' she says. 'A lot of the backpacks on the market were bulky and hard to carry for women. So I created a backpack that was made using recycled plastic.' The brand, Sundrift, gained traction until the COVID pandemic disrupted the travel industry and forced Parfrey to shift gears. That pivot led to Riley. The idea for Riley wasn't born in a boardroom or a brainstorm session. It happened over wine with a friend. 'The conversation happened quite naturally one evening,' Parfrey says. 'We were talking about how frustrated we were with the period products we had been using our entire lives.' That frustration turned into a revelation. 'We discovered that many mainstream period products are manufactured with up to 24 hormone-disrupting chemicals and covered in plastic,' she says. 'There were so many unnecessary ingredients in the manufacturing process. We felt like surely there's a better way of doing this.' When they couldn't find a cleaner, more sustainable alternative on the Irish market, Parfrey and her co-founders decided to build one themselves. Riley launched in 2021 as an e-commerce subscription service delivering organic, plastic-free period products directly to consumers' doors. 'We knew that when we started to build something clean, it would not only be better for our bodies but better for the planet as well,' Parfrey says. Sustainability isn't a marketing buzzword for Riley; it's a core principle of the business. 'Our applicators on our tampons are made from a bio-based solution, derived from sugarcane,' Parfrey notes. 'And we try to keep the environment in mind in every element of our supply chain.' But it hasn't been easy. 'It's a real journey to make things as sustainable as possible as we grow the business." Riley has since expanded from its consumer-focused model into the corporate space. 'We've started a big corporate offering,' Parfrey says. 'We supply period products to companies so they can stock them in staff bathrooms, just like they stock toilet paper. It's about making period care accessible, visible, and normal.' Parfrey is encouraged by how Ireland has responded to the brand and its mission. 'It's been really refreshing how open people have been, across generations, across genders, to actually talking about this,' she says. 'We've been really pleasantly surprised by the support we've gotten from all types of people.' But she's quick to note that stigma still lingers. 'If you survey young girls in school, 50% of them still feel shame when they're talking about periods. That's a huge problem,' she says. 'We've made progress, but we still have a long way to go.' The issue, she believes, goes far beyond just product accessibility. It's cultural, educational, and deeply gendered. 'Women go through a lot in their lifetime; from periods to childbirth to menopause and everything in between,' Parfrey says. 'It's important not just that women understand what's going on in their bodies, but that men do too.' She's especially passionate about closing the knowledge and research gap in women's health. 'There's been more research and studies on male baldness than there has been on endometriosis. That's shocking.' Riley was launched in 2021 (Photo by Riley) Riley is a proudly Irish company, but built to scale. 'We're an Irish-registered company,' says Parfrey. 'I'm based in Cork; we have a small office here and another in Dublin. My co-founder, Áine, has moved over to London as we try to grow the business in the UK.' That international push is already bearing fruit. 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Whether it's tackling sustainability or breaking stigma in boardrooms and classrooms, Riley is charting a new course, one that's not just better for the body, but better for the planet too. See More: Business, Period Care, Startups

Government could generate up to €118m in tax revenue by setting targets for remote job creation, advocate says
Government could generate up to €118m in tax revenue by setting targets for remote job creation, advocate says

Irish Independent

time9 hours ago

  • Irish Independent

Government could generate up to €118m in tax revenue by setting targets for remote job creation, advocate says

It comes as AIB last week announced that its workers must return to the office for a minimum of three days per week from January 2026 in a reversal of its Covid-era policy for non-customer-facing staff. According to Tracy Keogh, co-founder of remote working advocacy group Grow Remote, approximately 100,000 remote jobs are made available across the European Union each month. Ms Keogh said the Irish Government could benefit from a substantial increase in tax revenue if it proactively embraced the work-from-home model in its workforce. "People probably won't know that there's 100,000 remote jobs open across the European Union every month,' she told RTÉ's Morning Ireland. 'If we set a target to win five per cent of those, that's 5,000 jobs.' She added that, if we take the average salary of a remote job at €60,000, this would represent a significant amount of tax generated by Revenue. 'That would be 48 million in taxpayer income per year.' She argues that the establishment of a national target by a pro-remote working government will not just benefit the country in terms of collected revenue, but it would also protect isolated areas of the workforce in the event of a company exodus. "If one [foreign direct investor] pulls out of a rural or regional place, we have left that town stranded. If we have remote jobs coming into the market, that's 118 million from the taxpayer.' Ms Keogh pointed to fintech firm Revolut's recent announcement of 200 remote jobs in Europe for which anybody living in Europe can compete for. "We need a national target to land those jobs into Ireland.' The prospect of businesses mandating a return to the office could see an inevitable worker exodus to remote jobs based on the Continent in search of more flexible working conditions. "In terms of AIB and any other company who since Covid, has decided to pull people back in who were working brilliantly remotely [...] have access to those 100,000 jobs that are available on the market. Ms Keogh acknowledges pushback from employers on the issue, particularly in the realm of employee productivity. This doesn't need to be one silver bullet for every person and company across Ireland. However, she is urging them not to see the advent of remote work as a threat to profitability. "If an employer doesn't want to embrace remote, they don't need to embrace remote. "This doesn't need to be one silver bullet for every person and company across Ireland.' Addressing fears that a growth in remote jobs could result in remote employers competing with office-based employers for workers, Ms Keogh says there should be no in-between. "You should have people who are working in companies, or want remote jobs, working in remote companies. "Then for those companies like AIB, where they have branch staff who have to be on site and present, they will have that tension, and that probably was a factor in how they came to the decision to ask people to come back into the office.'

Hammerson eyes €3.5m rent from Dundrum apartment scheme
Hammerson eyes €3.5m rent from Dundrum apartment scheme

Irish Independent

time18 hours ago

  • Irish Independent

Hammerson eyes €3.5m rent from Dundrum apartment scheme

It expects that rent roll to be boosted over time by government action to loosen rent caps, which Hammerson said 'suggests a fairer balance of being able to achieve future inflationary rental growth without an artificial cap'. Hammerson's core business is retail real estate but the Ironworks block of 107 one and two-bed units being built beside the shopping centre in Dundrum village is among a number of initiatives to develop more diverse income streams, including another large residential development at The Oracle shopping centre in Reading in the UK. In Ireland, Hammerson manages and owns 50pc stakes in each of The Ilac Centre in Dublin city centre and Swords Pavilions, as well as Dundrum Town Centre. Passing rents across the three properties totalled £38.3m (€44.3m) at the end of June last. It also owns outright the old Carlton cinema site on Dublin's O'Connell Street, a landmark but long-stalled redevelopment site, which Hammerson is understood to be considering selling. The group reported results for the first half of 2025 on Thursday that included the first increase in the value of its portfolio since 2017, drawing a line under a period of big declines for the commercial property sector as it dealt with the impact of Covid and a shift to online shopping. Occupancy in Ireland is now 98pc, an indication of strong demand for retail space. The company's portfolio of properties in the UK, Ireland and France was valued 11pc higher in the first half of the year, driven by rental growth of 5pc on a like-for-like basis. In Ireland, it reported like-for-like values for its portfolio up 2pc to £549.6m. Hammerson's leasing activity here in the first half of 2025 included signing a 38,000 sq ft flagship store 'upsize' with Zara at Dundrum, renewing a lease with Hollister and agreeing a deal with Wagamama to bring a new food and beverage offer to the Irish mix. Hammerson said all of these deals were concluded 'comfortably ahead' of previous passing rent. In the Ilac Centre, it signed Danish cosmetics retailer Normal into the former River Island unit. Meanwhile, Hammerson plans to raise as much as 10pc of its existing share capital through a placing to fund the buyout of the remaining stakes that it does not already own in two Birmingham shopping centers: the Bullring and Grand Central. It plans to buy Canada Pension Plan Investment Board's 50pc interests in each for a combined £319m. Hammerson's shares rose as much as 5pc on Thursday in London. The firm also raised its full-year earnings guidance following better-than-expected rental growth and the proposed acquisitions. It caps a major turnaround by the company, overseen by chief executive officer Rita-Rose Gagne, who announced earlier this year that she intended to retire half a decade after taking the helm.

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